Electric mobility promotion scheme to keep the electrification pace intact: ICRA
Rating agency ICRA expects the penetration levels of electric two-wheelers and electric three-wheelers (excluding e-rickshaws) to reach 6-8% and 14-16%, respectively, by FY 2025.
ALMM mandate reimposed: What it means
The ALMM mandate reimposed from April 1, 2024 provides relief for solar developers with advanced progress in development and with expected commissioning post-March 31, 2024. It also allows exemption for open access-based and captive solar projects, enabling these projects to source modules from the most cost-competitive sources.
Budget lays focus on residential rooftop solar, EV infrastructure
Finance minister Nirmala Sitharaman today tabled the interim budget for FY 2024-25 in the parliament. Budget highlights include announcements about the residential rooftop solarization scheme, viability gap funding for offshore wind, and government support for EV manufacturing and charging infrastructure.
ICRA maintains Stable outlook for renewable energy sector
Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.
“Solar module prices are likely to remain subdued in the near term”
Vikram V, vice president & co-group head-corporate ratings, ICRA Ltd, speaks to pv magazine about falling solar cell and module prices, its impact on the Indian pv manufacturers, and way forward.
India’s installed solar power capacity expected to hit 104 GW by March 2025
ICRA expects India’s installed solar power capacity to grow to 104 GW by March 2025 from 72 GW as of October 2023, led by strong policy support and moderation in solar module prices.
Share of green power for cement companies expected to increase to 42% by FY2025: ICRA
Around 25% replacement of thermal power consumption by green power could yield 15-18% savings in power cost and 140-160 bps improvement in operating margins for cement companies
India to emerge as global renewable energy powerhouse, says power minister
The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.
India’s solar PV module exports surge 364% YoY
India exported solar PV cells and modules worth INR 8,440 crore in FY 2022-23. USA was the top destination with a 97% share.
Solar module prices, auction volumes, and the outlook for capacity addition
Timely scale-up in tendering activity and moderation in solar PV cell and module prices, if sustained, would support improvement in capacity addition in the renewable energy sector.
